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<br /> �'�. , . condemnati�on or other taking of any part of the Ptope�ty.or foz conveyaace in lieu of coademua�ian.are herehy assigsed aad , ��=_��-�-- --
<br /> ` sPta11 b�pald ro Lendpr. � ` � ;.-.���`'`
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<br /> , ' . ' , En thr event of o tota!taking of the Property. the p�orceds shali be applied w the sums secured by this Seciuity �;r �;,yk___
<br /> � � • Iasuiunen�whether or aot Nen due.with any excess paid tp Bomower. In the evcnt af a partial talcin�uf the Froperty in -°"� -�� --;:��=��
<br /> � which the fair market vafue of the Property imatediately before the takin�is equal co or greater th�n the amo�nt of the sums , :'"4` ;._
<br /> -'_u_:.__. ..�.. —
<br /> `. . . , ;° �ecured fsy this Security Instrum�nt imme�ately 6efoie the taking,imless Bo�mwer and Lxnder othenvise agme in writing, �, j ;' � -�—--
<br /> �.`< < , ' the suens secvred by this Securiry tnswment sha11 be�uced by the s�tnount of[he prooeeds rnultipiied by t�e fotiowing -....�- ��, --
<br /> _����s,.�_=—
<br /> • . '� � ftaction: �(a)ihe tatal amnunt of thc suau sezused immediately befonn the taking.divided 6y(b)the fair markez value cs�the �- •;;�.�;----=-�-
<br /> � • �mmediatel Ecfore the takin An balar;ce shall be aid ta Borrower. In the event of a artial ta[cin of the '-'r`i,�°' —
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<br /> .� , • • Property in wfiish tde fa'u m�cet value of the Ptoperty immediately befoie t6e taking is less tLan the ataount ofF the sums f�.,�.,:.�_r.�--=—
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<br /> ' • ' . secured immediately before the taking. unless Bo�rower and Lender otherarise ag�ee in writing or unless applitabte !aa r• �.__--
<br /> . . ' � othenvise provide�.the pmceeds shall be apptied to the sums sesured by this Security Insuument whether or not the sums a1e ����_�_--`---
<br /> : . thea dae. ��_---_ —
<br /> ' Ifi the Pmgerty is abandaned by Bormwer,or if,after noflce by Leader ta Borrower that the condemnor offecs ro ma(ce 4`:'�,:�=�-�.r=�.�. -
<br /> •�.. � . . . : � �,�,_:�.�.��=-�_
<br /> � an award or seule a ctaim for dasnages,Borrower fails to respand to Lender within 30 days after the date the aotice is given. �.,_�„
<br /> �±� '� •��� . . I.�ader is authoriud ta collect and apply the proceeds.at iu option.either to�estoratian or repair of the Property or to the -_-- ___
<br /> , � . . sums secured by this Security Instmment,hrttether or aot then due. �,�`����'��—
<br /> t ; . ' Untess Lender and Barrower otherwise agree in writuig,ar►y appiication of procxeds to princi�shall not eatend or �=�°=�
<br /> os ne the due date of the mamhl a eau refeaed to in ara hs 1 attd 2 or chan e the amount of sacb a ts. � ��``�T�
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<br /> M �o.' ::_ • • � � ll. Borrawer Not Reic�sed: Forbearance By I.ender 11tot a �'i�suver. F.xtension of the time far payment or . .�_,:?.�t�;,
<br /> ' � modifccation of amortization of the sums sectireA by this Security Instnnnent grante►i by l.atder to any saccessa�'in intetest . ;�;�r..t� -
<br /> : . , .�.
<br /> -`� �� �'' � ��° � . . of Bomnwer.sAall_noi oper�te to re[ease dte liability of the ori�ina!Bmmwer or Barroarer's sucvessms in interes�Lende� • '-�=:��_
<br /> .- _--��----,—_ ... . . . . _... .
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<br /> shall noi be required to commence pmceedings against any successor in inteiest or rzfiue to e�itend[une for payment oi ��c� _
<br />� � ; otherwise modify aznortizatiou of the sums secun�d by this Secwiry Inswment by�eason of any demand made by the original ;�3:>;`�__-` -
<br /> � . '- Bostower ur Barrower's successars in interest Any forbearance by Lender in eaereising any right or remedy shall nbi be a ::�:ti;z:,•�
<br /> .. ' � " waiver af or preclude the sxc�tsise of any right or remedy. � '=�'_ _
<br /> :. � 1L Successors and Assigns Baund;loInt and 3everal Ua6I4ity;Co-signess. The covr,nants and agreements of this
<br /> ,. �� . • ' - • $ecuriry Instrument slial[bind and benefic the successors and assigns of Lender and Bortower.subject tu the provisiarit�af �,�
<br /> �� ,, . • • . � paragraph 17.Socrower�s covenants and agreements shatl be joint and several.Any Borrower who co-signs this Securiry •'�r _ _ -_
<br /> ..� • Instnunent(aut does nat execute the Note: (a)is,casigning this Security Insw�ent only to mortgage.grant und convey that t, ., . -' �� _
<br /> � • • �orrower�s interest in the Property under the temu of this Security Insnumen� (b)is not pe�sonally obligat�d to pay the sums �� ,` .
<br /> � �- , - ,--= sec,vted by this Seeurity Insttument;and(c)ag�ees that Lender and any other Bormwer may agree to extend madify,fo�eaz - . -
<br /> . ...,.._ .. :.. , .
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<br /> . � or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's ' �� -r_ '� t,•._
<br /> . • , consent. s• •
<br /> �' ,. ' 13. Loan Charges. If the toan secured by this Securiry Ittswment is subject to a law which sets maximum loan ,j ..:- , -
<br /> . � charges,aad that law is finally intetpreted so that the mterest or other loan charges collected or to be collected in eonnection ._
<br /> . � arith the loan eaceed the permit[ed limiu.then: (a)any such loan charge shall be ceduced by the amour�i necessary ta reduce � ,�
<br /> � , � , • the charge to tAe peamitted Iimix and(b)any sums alceady coRected from BorroR�which exceeded permitted fimits will be ��'� ,� � �
<br /> ' . ' �efunded to Barrower. Lender may chaose to make this mfund by redacing the principal owed under the Note or by making a f ,;�j�� , • , .
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<br /> �:.�' dimct payment to Borrower. If a refund reduces principal.the redttction will be treated as a partial ptepayment without any ,. _ � ���.:�, � .
<br /> '-;�:�,', . .. prepayment charge under the DTote. :;.�
<br /> . '`, , � 14. 1�Iotices. Any notice�to Borrower provided for in this Security Instrwment shall be given by delivering it or by ��'��: ., , _ _
<br /> � ���•�-�. mailing ie by fust ciass mail unless applicable law requires use of another method.The aotice shall be directed to the Aropetry ' '°
<br />- �•,':.n.�, r.. �. .i.,..._-,
<br /> � � '���'• Adchess or any other address Bo�raaes designates by nouce to Lezides. Any nodre ro Lender shali 6e given by first class i z� . ��
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<br />- _ �' , :,�!;;.... mail m Lender's address stated heceiB cs any other address Lender d�signates by notice to Borruwer. Any rtotice provided for .���
<br /> �` , •` � in this Security Instrument shall 6e deemed to have been given to Boaower or Lender when given as provided'm this �.'
<br /> ' �:::, .. . .. ParaSraPh. . � • ,.
<br />- ,`�:��„��• . 15. Governing Law; Severabili4y. 'R�is Security Instrument shalt be gosemed by federal!aw arcd the law of the . . :��-�
<br /> ' . jurisdiction in which the Pmperty Zs tocated. In the event that any provision or ctause of this Security Inswment or the Note �, a`
<br />: * ' . ' ;�;c;,;��•, wnflicts with eppGcable law,such caaflict shall Rot affett other�visions of this Security Insttr:ment or the Note which can ' � ��L,`"
<br /> ' be�iven effect withaut the confliairmg�rovision. To this end�:�provisions of this Secuiiry lnswment and the Note are �'� - �;'�L
<br />�`� �" • decIared to 6e seve�a6le. •.'w� '•:� .�i: ,
<br /> �. .' .' 16. Borr�nwer's�a�py. Borrower shall be given one confomted copy of ttce Notg and of this Security Insuumen� � , .. : << ��
<br /> 'x � � 17. 7�ansfer af Me Frape:tp ar a Ben�ctal[nteresd in Bosmwer. If ali ar any part of the Property or any interest in � �'
<br /> a-�� '�• •. � . :,?;;:, , it is sold or transfemed(or if a beaefrsial int�rest in Borrower is sold or transfemed and Borr�wer is not a natural person> . . ���
<br /> = .�: • • - , without Le�der's prior written consem.L e n der may.at its oprion.�equire imm e diate paymenE i.h fu l!o f a l l sums sec u r e d by � � , ::�:�
<br /> = ' • , this Security lnsuumeni. However,this option shall not be exercised by Lender if exercise is Qrohibited by fedeaal law as of � � : j �
<br />�; •.• . the date af this Security Inswment. _. ' ..a
<br /> � if Lender eaer�ises this option.Lender shall give�orrower notice of acceleration. 'ihe natice shall provide a period of � � �% �
<br /> • aot tess than 30 days from the date the notice is delivered or maited within which Bmrawer must pay a11 sums secured by this .. .��,��
<br /> <rt• ' Sectuiry insUUment If$orrower faiis to pay these swns ptior tm the expiration of this petiod.Lender may invoke any - -�
<br /> -�� � � � temedies permitted by this Security Inswment without further notice or demand an Borrower. - -'�i
<br /> ' ••� � � • • i� Borro�cer's Right to Reinstmie. If Boiro�ver meets ceeain wnditIons. Borrower shall have the right to f�ave .. � .
<br /> • , enfo�ement of this S�curity Instrument discontir►ued at any time prior to the eariier of: (a)5 days(or such other period� . � *
<br /> ��. � • Single�amiJy»Fannk blarlf}eddte b!�IJ:VIFOR�1 il1SIRlJ!ti1@1T--lJnitmm Coven�nts 9190 IDaBe 0 oJb prrgnl .. � ,, �y.
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